Webull vs FxNet

Webull vs FxNet Comparison Table 2023
Webull FxNet
4.4

Webull is #7 in our broker rankings.

1.3
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.

FxNet is a Cypriot brokerage, founded in 2012 and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers forex and CFD trading with STP execution and spreads from zero pips. There are no trading restrictions, so investors can use hedging, scalping and news strategies.

Bonus Offer
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors." "FxNet will appeal to traders looking to speculate on popular financial markets on the MetaTrader 4 platform with low spreads."
Pros
  • Respected broker regulated by the SEC and FINRA
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • Zero commissions or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares available
  • Access to MetaTrader 4 platform and app
  • Low minimum deposit from $50
  • Integrated economic calendar
  • Regulated by the CySEC
Cons
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
  • Narrow range of payment methods
  • No MetaTrader 4 access
  • Narrow product portfolio with no crypto
  • Below-average support with no live chat
  • No market analysis or research
  • Some poor customer reviews
  • High inactivity fee of €40
  • High withdrawal fees
  • Low trust score
Instruments
Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares Forex, CFDs, indices, shares, energies, metals, bonds
Demo Account
Yes Yes
Minimum Deposit
$0 $50
Trading Platforms
  • Desktop App
  • Web Terminal
  • MT4
Payment Methods
Minimum Trade
0.00001 (Fractional Share) 0.01 Lots
Regulator
SEC, FINRA IFSC
Margin Trading
Yes No
Margin Rate
5.49% - 9.49%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade 150+ leveraged CFDs on the MT4 platform with a low starting deposit. You can speculate on rising and falling prices covering shares, indices, currencies, metals and energies.
Leverage
1:4 1:500
FTSE Spread
160
GBPUSD Spread
2.1
Oil Spread
NA 12
Stocks Spread
$0 Floating
Forex Trading
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads. Speculate on 50+ major, minor and exotic currency pairs, including the USD/JPY, EUR/GBP, and GBP/JPY with leverage up to 1:30 and spreads from 0 pips.
GBPUSD Spread
0.4 2.1
EURUSD Spread
0.2 1.8
EURGBP Spread
0.4 2.2
Assets
15+ 51
Cryptocurrency
Webull offers trading on 8 popular cryptos through its Webull Pay app. With premium analysis tools, traders can review market trends and identify opportunities in a few taps. Crypto trading not offered
Spread
Floating
Coins
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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